DUBLIN, April 21, 2023 /PRNewswire/ — The “Low-Speed Vehicle Market by Vehicle Type (Commercial Turf Utility, Industrial Utility Vehicle, Golf Cart, Personal Mobility Vehicle), Power Output (15 kW), Propulsion, Battery Type, Application, Category Voltage & Region – Global Forecast to 2028” report has been added to ResearchAndMarkets.com’s offering.
The low speed vehicle market is projected to grow from USD 10.4 billion in 2023 to USD 15.0 billion by 2028, at a CAGR of 7.4%.
According to World Bank Statistics, more than 25% of citizens in US are above 60 years and have a separate community where they prefer street-legal vehicles for their daily commute and door-to-door mobility solutions. Also, a country like Japan has more than 28% of the aged population in the country.
The LSVs with